EURCAD – Waiting for the Perfect Confluence

[theSignalyst]

EURCAD remains overall bullish while trading inside a rising channel.

At the moment, price is approaching the intersection of the channel’s lower trendline and the horizontal structure zone.

That’s where I’ll be watching closely for trend-following long setups — ideally a rejection or reversal confirmation around that confluence area.
As long as this structure holds, the bulls remain in control, and we could see a continuation toward the upper bound of the channel.

️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

Stick to your trading plan regarding entries, risk, and management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr